IPO Financial News

Juniper Hotels continued to see muted response from investors with an overall subscription of just 16% so far on Thursday, the second day of the bidding process. The issue closes on February 23. The category reserved for retail investors was subscribed the most at 74%, while that of NIIs was booked at 9%. There were no bids yet in the QIB part.

ONGC (Oil and Natural Gas Corporation) and Oil India Ltd share prices have risen 77-146% in a year. As the share prices scaled 52-week highs recently the same was in the back of expected rise in production as indicated by the management in their conference calls.

₹162-171 per share for its ₹235 crore initial public offering (IPO). The issue will open for subscription on February 27 and close on February 29. The IPO is completely a fresh equity sale of 1.37 crore shares with no offer-for-sale component.

₹236, the newly listed JSW Infra has surged almost 100 percent jump from its IPO price of ₹119 in less than 5 months. The port infra firm had made a strong debut on the bourses on October 3, 2023, listing at ₹143 on NSE and BSE, a premium of 20.17 percent from its IPO price. The ₹2,800 crore IPO was open for subscription between September 25 and September 27 at a price band in the range of ₹113-119 per share.

In May 2023, Centrum Broking estimated the implied market cap of US-based aluminium manufacturer, Novelis, at approximately $9.7 billion. It was an “implied" market cap as Novelis is an unlisted entity, wholly owned by AV Minerals of the Netherlands, which in turn is under the full ownership of Kumaramangalam Birla's flagship Hindalco. With Hindalco's recent move to seek SEC approval for an IPO, this implied valuation may soon translate into an actual market cap as AV plans to sell part of its stake.

Mint in August last year, chairman and managing director (CMD) Rahul Munjal said that Hero Futures Energies will look at several options to raise funds over the next two-three years, including the launch of an IPO. He had added that the company will plan new fundraises, including private investments and accessing public markets. London-headquartered Hero Future Energies has a 3 gigawatt (GW) operational and under-construction portfolio across India, Ukraine and Vietnam, and an additional 2 GW pipeline.

Stock Market News: Domestic equity benchmark indices, the Sensex and the Nifty 50, ended Wednesday's trading session in red amid weak global cues, and as Asian markets witnessed mixed trends. The 30-share BSE Sensex ended lower by 434.31 points or 0.59% at 72,623.09 level while the Nifty 50 closed at 22,055.05 level, down 141.90 points or 0.64%.

₹135 to ₹142 per share. At the upper end of the price band, the company plans to raise a total of ₹429 crore from the issue. The IPO comprises a fresh issue of equity shares totaling up to ₹329 crore and an Offer For Sale (OFS) component of up to 70.42 lakh equity shares by promoter NextWave Communications.

Banyan Tree Growth Capital, GPT Healthcare operates multispecialty hospitals under the ILS brand in eastern India. The Kolkata-based healthcare company is rolling out a ₹525 crore IPO comprising an offer of sale of ₹485 crore and a fresh issue of ₹40 crore. The IPO represents 34% of the post-paid capital of the company. Business: Set up in 2000 as an eight-bed hospital at Salt Lake in Kolkata by laparoscopic surgeon Dr Om Tantia, the company now operates four secondary and tertiary care hospitals in Dum Dum, Salt Lake and Howrah in West Bengal and Agartala in Tripura with a total capacity of 561 beds. Each of these hospitals provides integrated diagnostic services and pharmacies. It has signed MoUs for setting up hospitals in Raipur, Chhattisgarh, and Ranchi, Jharkhand that are likely to be operational in 2025-26. The management has plans to expand operations in other tier-II cities such as Varanasi, Patna, Guwahati, Kanpur and Cuttack. However, new hospitals have longer gestation periods to mature and provide returns.

Arun Mathew, a Silicon Valley-based partner at venture capital fund Accel, focuses on investments in the enterprise space, SaaS (software-as-a-service), cloud and security. Mathew, who is also involved in Accel’s Indian portfolio firms like Freshworks and BookMyShow, is bullish about the SaaS ecosystem, highlighting the engineering talent now available to join these companies along with the cost advantages of building global firms from here.

On Wednesday, it was reported by the Wall Street Journal that Reddit, a social media platform, is planning to sell a portion of its IPO shares to its users.

(Reuters) -Social media platform Reddit plans to sell a chunk of its IPO shares to its platform's users, the Wall Street Journal reported on Wednesday.

Juniper Hotels IPO: The initial public offering (IPO) of Juniper Hotels received a tepid response from investors on the first day of subscription. Not much enthusiasm was expressed by the retail investors, and there was very little response from non-institutional investors (NIIs), while the portion reserved for qualified institutional buyers (QIBs) was left unsubscribed.

₹83 to ₹87 per share, with a face value of ₹10. Investors can bid for a minimum of 1600 shares and in multiples thereof. The minimum lot size for an application is 1600 shares.

₹157.54 crores from anchor investors ahead of its initial public offering that opens for public subscription on Thursday, February 22, 2024. The company informed the bourses that it allocated 84,69,996 equity shares at ₹186 per share on Wednesday, February 21,2024, to anchor investors. Also read: GPT Healthcare IPO opens tomorrow: GMP, issue details, 10 key things to know before investing in ₹525-crore issue Foreign and Domestic Institutions who participated in the anchor were Kotak Mutal Fund, Axis Mutual Fund, Bandhan Mutual Fund, Aditya Birla Life Insurance, Societe Generale, Duro One Investments Limited, India Capital Growth Fund, Copthall Mauritius, LC Pharos Multi Strategy Fund, Subhkam Ventures and DE Shaw.

₹2,500 crore through the public issue, which is the highest so far this year. ICICI Securities, Axis Capital, HDFC Bank, and IIFL Securities are the appointed book-running lead managers for the issue.

₹10 and consists of a fresh issue worth ₹120 crore and an offer for sale of up to 46 lakh equity shares by the Promoter Selling Shareholders. The offer for sale consists of the sale of equity shares of up to 11.50 lakh by Ajay Baliram Sawant, Umesh Navnitlal Shah, Ujwal Arvind Mhatre, and Jayesh Manharlal Shah by each promoter.

Also Read: Auto Q3 Result Review: Expect positive momentum to sustain, says Nuvama; picks Hero Moto, M&M, Minda The fundraising by Hyundai would put the valuation of its Indian operation at more than half its market capitalisation of around $47 billion in Seoul, the report added. Some domestic Indian investment banks are also likely to be appointed for the IPO in coming months.

Campus Activewear, a prominent sports and athleisure footwear company in India, saw its shares jump 12.6% in today's intraday trade, reaching ₹275.80 apiece. This uptick in shares came after 40,65,000 shares of the company changed hands in a block deal window on Wednesday with an average price of ₹245 apiece. The buyers and sellers, however, were not known immediately.

₹56.25 crore worthAtmastco IPO opened for public subscription on February 15 and ended on February 20. The issue was booked 17.61 times against its offer size. Atmastco IPO allotment is likely to be finalised on Wednesday, February 21.

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